As we face a variety of unprecedented disruptions here and across the globe, businesses are looking for ways to not only withstand the crises, but also to prepare themselves to move forward once the crises pass. Many companies found themselves with a fully remote workforce with little time to prepare. Companies that had digitally transformed their operations prior to this were quicker to respond and did so with greater efficiency. Many of these companies looked at transformation holistically across the entire business with an understanding that functions that had once resided in silos had to now live in an age of full collaboration.
Lessons organizations can use to ensure viability, continuity and resilience.
Our webinar, Navigating Business During Disruption—Source-to-Pay, explored how the Covid-19 pandemic, while still raging around the world, has already invariably altered how organizations approach their business continuity plans. Sometimes it takes a crisis to bring out the best in people, and as we’re learning from our customers and prospects, to galvanize senior leadership and their teams into taking the strategic initiative to make companies more agile and better prepared to weather these extreme events for the long term. Here are some takeaways from the webinar.
Digital transformation is a “must” not a “maybe.”
Companies large and small, B2C and B2B, understand that in order to succeed in today’s global and highly competitive market, it is essential to utilize technology, especially digital technology. By implementing innovative technology, companies can more efficiently manufacture and develop product; more effectively market to and engage with customers; and more successfully gather, optimize, and analyze data. In addition, internal processes become more cost-efficient through the digitization of manual and paper-based processes that have been and continue to be time-consuming and error-prone. Continue Reading
The CFO / CPO Agenda: Beyond cost reductions, increased efficiency, and data visibility.
As CFOs and CPOs are tasked with greater responsibility over a host of issues, there are four major industry themes that will likely be top-of-mind for them, this year and into the future. Although cost reductions, increases in efficiency, and visibility into valuable data are still incredibly important to the C-suite, as well as to the organization’s bottom line, there are other strategic challenges that need to be addressed.